SHORT SALE AT THE LAST MINUTE

I am writing about a short time frame given to Realtors® to market a sellers home before the sales date, sometimes I am only given less then a month to list and market for a short sale before the home goes to the sheriffs sale, and times have turned down the listing because of this and other added factors.

I would like to talk to sellers who have applied for  their loan modification with their bank and
for whatever reason the loan modification did not work out for the sellers. Once you know
that the loan mod has been denied there are only few other options for sellers, one being a foreclosure or deed in lieu or a short sale.

The foreclosure clock does not stop and let me repeat this again the Foreclosure clock does not stop for sellers who have been denied and who are undecided on how to move forward  at this point.

I have been contacted by sellers who have asked me to list their home for the short sale and
to have only  less then a month to secure a buyer and to present the offer to sellers lender.
Before the home goes to the sheriffs sale. This is difficult at times given a short period to market the home.

There are factors to consider one being how long the home may sit in todays market.

Having a short period of time to secure a buyer in hopes to beating the sales date so that the
lender may have time to review the offer will take time, and I need for sellers to understand
this.

I want to stress to sellers who are in this situation do not wait and let grass grow under your feet, yes you've been denied for the loan modification, now it's time to move forward and to salvage your credit by doing a short sale.

Sellers please take into account the time frame once you know that a short sale is your
means to salvage your credit, the Realtor® will need time to market and to communicate
with your lender on the short sale.

Please visit my website at www.keystomyplace.com
Kind regards
Christina